Q894
The profits of a firm for the last five years are Rs. 80,000, Rs. 90,000, Rs. 70,000, Rs. 85,000 and Rs. 1,00,000 respectively. The goodwill of the firm is calculated on basis of three year purchase of average profits of five years. The value of goodwill is
A.
Rs. 89,000
B.
Rs. 2,25,000
C.
Rs. 2,55,000
AnswerD.
Rs. 4,25,000
Answer: Option C
Solution
Answer: Option C
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